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Your company will receive 1 million euros in one year. You want to hedge the exchange rate risk. You collected the following data: Spot exchange

Your company will receive 1 million euros in one year. You want to hedge the exchange rate risk. You collected the following data:
Spot exchange rate: 1.3 USD/EUR
Price of a put on the Euro with strike price 1.3 USD/EUR: 0.06 USD
Price of a call on the Euro with strike price 1.3 USD/EUR: 0.05 USD
Size of options contracts: 1 EUR
U.S. interest rate: 1 percent APR
Euro interest rate: 2 percent APR
You hedged fully the exposure with options. In one year the spot exchange rate is 1.2 USD/EUR. What is the minimum total hedged revenue, net of the future value of the cost of the options?
Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

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